Domestic two-wheeler sales were marginally lower at 1,57,404 units as compared to 1,57,796 units in January last year, the company said
Bajaj Auto on Monday reported an 11 per cent increase in total sales at 372,532 units in December 2020
Bajaj Auto on Tuesday reported a 5 per cent increase in total sales to 4,22,240 units in November this year. The company had sold 4,03,223units in the same month a year ago. Domestic sales in November this year stood at 1,98,933 units as against 2,07,775units, a decline of 4 per cent, Bajaj Auto said in a BSE filing. Total motorcycle sales rose 12 per cent to 3,84,993 units, compared to 3,43,446units sold in November last year. Total commercial vehicle sales dropped 38 per cent to 37,247units as against 59,777 in the same month last year, the company said. Exports in November increased 14 per cent to 2,23,307 units over 1,95,448 units in the corresponding month last year, it added.
Double digit growth in exports and premiumisation trend in the domestic market are triggers
Bajaj Auto and Heidelberg Cement are showing a firm positive sentiment
Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent
Pandemic induced lockdown saw volumes fall 65%, revenue decline by 60%
The workers' union, which has around 3,000 members at the Waluj plant, said they have already spoken to the management and have even offered to put in extra hours
Bajaj, who has been vocal about the perils of lockdown, says the states shouldn't repeat the mistakes with more of it
The firm had sold a total of 407,150 units in January 2019, Bajaj Auto said in a statement
Exports - accounting for 43% of volumes - rose 7%, which helped offset the slowdown in the domestic segment. Domestic sales fell 13%, largely on account of the sharp 16%
Bajaj's remarks come against the backdrop of one of the most prolonged slowdowns plaguing India's automobile market, amid a slowing economy and dipping consumer confidence
Auto companies in India count deliveries to dealers as sales.
The company had sold 406,930 units in the same month a year-ago
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The key issues to watch out for would be any update on 2W demand outlook from urban and rural areas, price increase in domestic markets across segments, and update on EV strategy
Profit rose to Rs 1,102 crore ($154.72 million) for the three months ended Dec. 31, compared with Rs 952 crore a year earlier
Bajaj Auto sold 4,00,343 units in July.2018. The company had sold 3,07,727 units in the year-ago month
Commercial vehicles sales in the domestic market soared 129% at 38,534 units
The company is hoping to reverse the weak domestic two-wheeler volume trend